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in the house so it's got no chance whatsoever of becoming law, end quote. that's what i said back on july 25th. the only reason we ever allowed that vote on that proposal is i said at that time was that we knew it didn't pass constitutional muster. and the democrats were really serious, they would proceed to a revenue bill that originated in the house as the constitution requires and as i called on them to do again last week. to repeat, the so-called nate bill is nothing more than a glorified sense of the senate resolution. so let's put that convenient talking point aside from here on out. last night i told the president we'd be happy to look at whatever he proposes but the truth is we're coming up against a hard deadline here and, as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. that having been said, we'll see what the president has to propose. members on both sides of the aisle will
they want to bill, the infrastructure, the programs they make into law. guest: i think james hits on the virtue of a flat tax, having a low, single rate, getting rid of all the loopholes in the tax code and having the government learn to live within its means. that would take some time, but it is eminently doable with positive reforms on the entitlement for younger people. you do not have to change the benefit formulas for those on medicare or social security or who are about to go on those systems. as younger people know, those systems are headed for a crash. the sooner we reform them in a positive way, the better. the key to do it is not by raising taxes, but by having a low single rate and they learn to live within it. i think you'll have a much more prosperous country for it. host: let's end where we started. what do you think the best solution in your personal view and your business view is to the fiscal cliff situation? guest: aside from not doing something foolish and the next three or four days -- that is why i do not mind kicking the can down the road -- would be to follo
that there ideas are not stolen either. rule of law, transparency, a neutral legal system -- how much time do you spend on piracy issues? -- system? >> how much time do you spend on piracy issues? >> a lot of time. the president was very clear the drive got to enforce the rules to insure fairness. china has benefited enormously from its secession from the wto. if we and united states are ever to have additional trade agreements with other countries, the american people and american congress have to believe that we will make sure that when we lower barriers and open our markets to companies from other countries, but those other countries will also do the same for america. that is why the president was very clear in the campaign. we're going to hold other countries feet to the fire to ensure a level playing field. >> do you think this is something that chinese leaders respond to? >> yes. the chinese leaders will try to give a push and see if you back up. and if you do, they will give you another push. they do respect strength. at some point you have to say, we cannot back up any more. on some of th
. they shared with him the he was comfortable that these guys. at columbia law school, they were very good guys. it is true that obama did his best. when i interview president obama in the oval office, he talked about the supporters in new york. but he started to make that transition in his long arc of his search for home. she was starting to happen and beenu mahmood was very perceptively seen that happen. >> host: why did the presidency president in new york after graduating from columbia? >> guest: he was trying to get a job wherever he could. he applied for a job in chicago after washington was elected mayor there. he didn't get anything. so the best he could do was stay in new york. he wouldn't want to go back to honolulu. he didn't have anyplace else. so he stayed there and as he put it, you try to make money for yourself and get a job. it is sort of a magazine or consulting firm called business international. for that year, he doesn't really like it there, but that is the period when they talk a lot. it is the period when he met genevieve. >> host: so david maraniss, going back to the quo
'll see estate taxes go up, investment taxes go up. there is an endless list of expiring provisions of law that will, in fact, expire if nothing is done. and i think even if something is done at this point, what you're looking at is something very scaled back, something very small and congress will have to come back next year and take a look at trying to get to some of those other issues. >> alistair here. that sounds about right to me, assuming that that scenario is how things play out. what sort of impact medium term do you think this is going to have on consumer and corporate confidence in america, given that the fiscal cliff is clearly weighed heavily on both of those in recent months? >> the sad thing, you know, from an observer's standpoint here is that there isn't much corporate or consumer confidence in the american government. and it's proved itself dysfunctional time and again over the last couple of years. what you hear now is not how people believe that there's going to be some last-minute deal, but how they remember the times that the t.a.r.p. bill, the fiscal bailout a few ye
on africa and many believe now is the time. this is an overgeneralization. the rule of law is not widespread enough in the continent. there is a glimmer of hope such as sun nish sha. countries such as egypt still questionable. we have seen mass rioting there and growing concerns whether the new rule of law and new constitution will effectively protect investors. >> just a few years ago, there were maybe 10 frontier emerging funds. now, there's more than 300. they're the hot thing. remember, even if there is growth there, very little liquidity. that's not a real place for mom and pop investors. that's still a white knuckle place even if there is growth. >> i'm looking at global industries 52 week highs, turkey, france, uk. lithuania, japan. can those do well? >> i think so. they're coming off their bottom. europe 20 through wh-- europe 2 what was our 2008. >> you think merkel gets re-elected? >> at this point. she seems to be doing okay. if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't
Search Results 0 to 5 of about 6